Research
Publication
Beliefs and the Net Worth Trap (with Goutham Gopalakrishna and Theofanis Papamichalis)
Papers - Macroeconomics and Finance
Higher-Order Forward Guidance (with Marc Dordal i Carreras)
Firm Wage Setting and On-the-Job Search Limit Wage-Price Spirals (with Justin Bloesch and Jake Weber)
- Draft, Short Slides, SSRN
- An AD-AS Framework with Quits and Wage Inflation: for Policymakers
- An Analytic Two-Period Model: analytic proofs and derivations
Managerial Incentives, Financial Innovation, and Risk-Management Policies (with Son Ku Kim and Sheridan Titman)
Yield-Curve Control Policy under Inelastic Financial Markets (with Marc Dordal i Carreras)
Endogenous Firm Entry and the Monetary Policy ‘Room’ (with Marc Dordal i Carreras and Zhenghua Qi)
Self-fulfilling Volatility and a New Monetary Policy (Job Market Paper) (with Marc Dordal i Carreras)
The Spatial Transmission of U.S. Banking Panics: Evidence from 1870-1929 (with Marc Dordal i Carreras)
Papers - Contract Theory
A Proxy-Contract Based Approach to the First-Order Approach in Agency Models (with Jin Yong Jung and Son Ku Kim)
Ignorance is Bliss: Ex-Ante vs. Ex-Post Information Systems in an Agency Model (with Jin Yong Jung and Son Ku Kim)
Work in Progress
From War Contracts to Export Success? U.S. War Procurement and Firm Growth in South Korea (with Philipp Barteska, Oliver Kim, and Nathan Lane)
A New Indeterminacy with Fluctuations in Volatility and Risk Premium (with Marc Dordal i Carreras)
Risky Growth with Short-Term Debt (with Artur Doshchyn)